United States Savings Bonds

United States Savings Bonds
United States savings bonds can be referred to as secured investments which do not involve much of risk and are guaranteed by the United states Government.United States savings bonds save an individual from losing ones investment incurred in the initial stages.
There are several types of United States savings bond. The different types of United States saving bonds can be summarized as below:

United States savings bonds comprise of the Series I savings bonds and the Series EE savings bonds.

Series HH/H United States savings bonds and Series E United States savings bonds are no longer usable.

Series I United States savings bonds assists in the inculcation of the saving attitude among Americans.

The Series I savings bonds offer luring rates of interest. This series of United States savings bonds are inflation indexed on the basis of Consumer Price Index for the consumers residing in the Urban areas.
This comprise of bonds with fixed rates. Series EE United States savings bonds offer low interest rate as compared to Series I united States savings bonds.Series EE united States savings bonds much like Series I united States savings bonds, the rate of interest is compounded, deferring of tax tales place until the savings bond is delivered.
Series HH United States savings bonds:
Offers current income. Payment of interest is done by crediting the savings account of the Bondholder directly.

However, one can avail of the Series HH United States savings bonds by exchanging Series EE/E United States savings bonds.

Issuance of Series I United States savings bonds is done by face value.$100 Series I United States savings bonds is bought by $100.

The limitation is that according to the social security number one may buy every year bonds worth not exceeding $30,000.

Series EE United States savings bonds are made available at a face value which is 50% . Yearly purchasing limit is $15,000 price of issue for every person.

There are several benefits of owning United States savings bonds series.

Some of the benefits are:

Tax benefits, safe to buy, helping the financial make up of United States, rates of interest are competitive.

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Last Updated on : 25th June 2013